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Weekly forecast Natural Gas technical chart
Symbol NGAS

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (2.396 to 2.203). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (2.396)
  • Ending of entry zone (2.203)

DateJanuary 22, 2022 - 09:50
Currentrange bound
Forecastresumption of downtrend

Midterm forecast:

  • While the price is below the resistance 4.768, resumption of downtrend is expected.
  • We make sure when the support at 3.500 breaks.
  • If the resistance at 4.768 is broken, the short-term forecast -resumption of downtrend- will be invalid.

Technical analysis:

  • While the RSI resistance #1 at 61 is not broken, the probability of price increase would be too low.
  • A peak is formed in daily chart at 4.480 on 01/12/2022, so more losses to support(s) 3.620 and minimum to Major Support (3.500) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 43.

Take Profits:

  1. 2.600
  2. 2.750
  3. 2.900
  4. 3.150
  5. 3.500
  6. 3.620
  7. 4.160
Click on the level to view price action history.

Symbol Released Current Forecast
Natural Gas (NGAS) new Sat, 14 May 2022
Natural Gas (NGAS) Sat, 7 May 2022
Natural Gas (NGAS) free Sat, 30 Apr 2022
Natural Gas (NGAS) Sat, 23 Apr 2022
Natural Gas (NGAS) Sun, 17 Apr 2022